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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: chichi2 who wrote (99596)	1/15/2009 7:26:15 AM
From: shadows	Read Replies (1) \| Respond to of 100058

Swing traders looking for SnP lows Fri/Monday,followed by a 50% retracement of the downmove(currently 110 points),that would take the index back up to around 890/900 by the end of next week.So we may get an anaemic rally to greet our "Once and future King-OBAMA"!However a retest of the November lows seems inevitable,lows which the market will eventually crash through.The market is likely to halve in value this year,and do the same in 2010.Tsy Bonds in the belly of the curve and a 15/20% position in Gold continue to be the core holdings that seem to make the most sense. chichi's stuff is great.Just hope some of the old pros on this board start to kick-in with views again as it was them that made this Board's reputation-Shoreco-Gongoman-drbob etc! A huge mount of trading money is there for the taking,unfortunately its all likely to be on the short side again when it comes to stocks as this recession/depression rolls on and on for years.